The US Social Security tax is an example of a Question 6 opt

The U.S. Social Security tax is an example of a

Question 6 options:

progressive tax.

premium tax.

proportional tax.

regressive tax.

A capital gain is defined as

Question 7 options:

the tax paid when one sells an asset.

the tax rate one pays when one moves into a higher tax bracket.

the positive difference between the sale price and the purchase price of an asset.

an unanticipated increase in income.

Social Security taxes are

Question 8 options:

regressive because higher income workers don\'t pay the tax.

regressive because higher income workers pay taxes on a smaller percentage of their income.

progressive because all workers pay the tax.

proportional because everyone is charged the same percentage tax rate.

Sales taxes are

Question 10 options:

assessed on the prices paid on a large set of goods and services.

based on each individual taxpayer\'s income level.

levied on purchases of a particular good or service.

collected only by the U.S. government.

A current concern about Social Security is that

Question 9 options:

the payroll taxes used to fund the program are being eliminated as part of an effort to generate employment increases, thus leaving the program bankrupt.

promised benefit payouts are growing more rapidly than likely sources of revenues, indicating a future inability to keep the system operating.

funds set aside by past generations to pay benefits for future generations are growing too rapidly and may trigger inflation.

continued political bickering between the president and Congress could lead to an end to any funding of the program.

Solution

Q.6. Option 4. It is a regressive tax where the lower income gets a larger portion of their total income withheld, when compared to higher income earners.

Q.7. Option 3.It is the increase in value of a capital asset that gives a higher worth than the purchase price

Q8. Option 2

Q9. Option 3 It is a consumption tax imposed by the government on the sale of goods and services

Q10. Option 2